re: this is not a dot.com look alike bust???? No way is this like the Dot com / tech sell down. That was pure hype once in 20-30 years kind of event like gold in 79-80. Everyone knew it and kept buying on the bigger fool theory...
apart from the hot air segment a lot of the resource stocks are pretty fairly valued.
For example recent market darling MGX with projected profits of $50 mill next year (depends somewhat on railways) But the iron ore price is locked in! Mkt Cap = 278 mill... So a projected PE of about 6:1 Ask your self is that Hype???
I think you can maybe argue that will make $40 mill profit or $55 mill but you can say they seem pretty fairly valued not like say DAV net or One tel or some other tech dog.
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Last
$63.84 |
Change
-0.070(0.11%) |
Mkt cap ! $12.37B |
Open | High | Low | Value | Volume |
$63.88 | $63.92 | $62.85 | $12.79M | 201.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 14 | $63.56 |
Sellers (Offers)
Price($) | Vol. | No. |
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$63.86 | 2974 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2 | 63.200 |
1 | 1000 | 62.950 |
1 | 1000 | 62.900 |
1 | 470 | 62.700 |
2 | 550 | 62.680 |
Price($) | Vol. | No. |
---|---|---|
63.920 | 929 | 1 |
64.000 | 659 | 5 |
64.100 | 578 | 1 |
64.200 | 705 | 1 |
64.400 | 141 | 1 |
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